A popular drive-thru family restaurant and building are offered for sale at $4.8 million.
The property encompasses a building of approx. 3,301 sq. ft. on a lot of roughly 37,462 sq. ft. (0.8 AC), built in 2008.
This established free-standing café, a fixture since 2014, serving a growing upscale neighborhood.
Proven high annual sales of $2.45 mil represented by seller, a solid high income of $594K annually.
Net Income Potential: Seller projects a consistent monthly income of $49,510 (SDE) after deducting $18,000 in combined rent/CAM expenses, suggesting a potential increase to a monthly income of $67,510 as rent/CAM were received as the property owner (seller). This represents a strong income structure, though verification by the buyers is advised.
Cost of goods sold is approx. 34.5%..
Operating Hours: Open 6:00 AM - 11:00 PM daily.
Staffing: Currently employs 18-20, suitable for absentee ownership.
Ample parking is provided.
Pricing summary for buyers: $4.8 million
(1) Total Asking Price: The $4.8 million asking price includes both business and property.
(2) The property (building and land) is reasonably valued between $3.4 million and $3.6 million, subject to comparable sales (COMPS), yielding an approx. 5% cap rate based on the seller's NOI of $18,000.
(3) Business Allocation: The business is fairly priced at $1.4 million, reflecting a net monthly income of $49,510 after a combined $18,000 in assumed rent and CAM, representing a potential absentee owner profit.
(4)Business-Only Purchase Option at $1.4 million: For buyers interested solely in the business with the potential for future real property acquisition, a lease agreement with the seller would be structured at $15,000 per month plus standard triple net terms, with a lease duration of 5 + 5 years or negotiable alternatives.
Completion of an NDA, buyer's profile, and proof of funds are required prior to disclosure of further information.